Columbus Hill Capital Management L.P. Invests $20.23 Million in Coupang, Inc. $CPNG

Columbus Hill Capital Management L.P. purchased a new position in shares of Coupang, Inc. (NYSE:CPNG) during the fourth quarter, HoldingsChannel reports. The firm purchased 857,683 shares of the company’s stock, valued at approximately $20,233,000. Coupang comprises 2.8% of Columbus Hill Capital Management L.P.’s portfolio, making the stock its 15th biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. California State Teachers Retirement System grew its stake in shares of Coupang by 0.5% during the third quarter. California State Teachers Retirement System now owns 78,679 shares of the company’s stock valued at $2,533,000 after acquiring an additional 361 shares in the last quarter. Level Four Advisory Services LLC increased its position in shares of Coupang by 2.2% in the 3rd quarter. Level Four Advisory Services LLC now owns 20,916 shares of the company’s stock worth $673,000 after purchasing an additional 441 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Coupang by 19.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,651 shares of the company’s stock worth $86,000 after purchasing an additional 597 shares during the last quarter. National Bank of Canada FI increased its position in shares of Coupang by 6.6% in the 3rd quarter. National Bank of Canada FI now owns 9,801 shares of the company’s stock worth $316,000 after purchasing an additional 609 shares during the last quarter. Finally, Assetmark Inc. increased its position in shares of Coupang by 9.5% in the 4th quarter. Assetmark Inc. now owns 7,150 shares of the company’s stock worth $169,000 after purchasing an additional 620 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Coupang Trading Down 2.3%

Coupang stock opened at $16.86 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $18.01 and a two-hundred day moving average price of $20.17. The firm has a market capitalization of $30.26 billion, a price-to-earnings ratio of -187.28 and a beta of 1.12. Coupang, Inc. has a 52-week low of $14.92 and a 52-week high of $34.08.

Coupang (NYSE:CPNG) last posted its earnings results on Tuesday, May 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The firm had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.48 billion. Coupang had a negative net margin of 0.47% and a negative return on equity of 3.67%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 earnings per share. Sell-side analysts expect that Coupang, Inc. will post -0.17 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CPNG shares. Weiss Ratings downgraded shares of Coupang from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. Sanford C. Bernstein reissued an “underperform” rating on shares of Coupang in a research report on Monday, March 2nd. Citigroup downgraded shares of Coupang from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $23.00 to $22.20 in a research report on Wednesday, May 6th. Morgan Stanley dropped their target price on shares of Coupang from $31.00 to $29.00 and set an “overweight” rating for the company in a research report on Monday, March 2nd. Finally, UBS Group set a $25.00 target price on shares of Coupang in a research report on Thursday, February 19th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Coupang currently has a consensus rating of “Hold” and an average target price of $26.92.

Coupang Profile

Coupang, listed on the New York Stock Exchange under the ticker CPNG, is a South Korean e-commerce company headquartered in Seoul. Founded in 2010 by Bom Kim, the company grew rapidly by combining an online marketplace with a large direct-retail business model. Coupang completed a primary listing in the United States in 2021, and it has become one of South Korea’s leading online retailers by focusing on convenience, speed and a wide product assortment across consumer categories.

The company operates a vertically integrated e-commerce platform that includes a customer-facing marketplace and an extensive logistics and fulfillment network.